The Commonwealth Secretariat will use this conference to present the first draft of the policymakers’ manual on mega-trading blocs for technical review and comment by the participants. It also aims to link African standards-setting bodies to each other, in order to create networks of learning with the TPP and TTIP as the central reference points. The conference will also have an important capacity building dimension, in addition to the knowledge-sharing component. The role of women in driving general consumption patterns cannot be overemphasized. Africa could add at least 4.5 to that on the back of enhanced trade activities, according to the Africa Development Bank. The event will therefore build a greater understanding of likely developments that may adversely impact market access for African exports. It is expected to be the largest global trade bloc, consolidating a market of 1.3 billion consumers with a combined GDP of about 3.3 trillion. The conference will particularly focus on the implications of the TPP and TTIP’s standards agenda for African Least Developed Countries (LDCs) exporters, and possible policy responses by these African countries. This will be the first major conference on mega-trading blocs in Africa and bring together policymakers and standards-setting bodies to share policy perspectives and insights about mega-trading blocs. Not only will these mega-trading blocs impact on the multilateral trading system, but they are likely to have significant implications for Sub-Saharan African countries by diverting trade and investment and setting new global standards for production and traded goods and services that many developing countries will find difficult to comply with. There is general consensus among scholars, policy makers, and political leaders that the best way for African countries to develop is through regional trade.
Africa trading blocs free#
The advent of mega-trading blocs such as the Trans-Pacific Partnership (TPP), the Trans-Atlantic Trade and Investment Partnership (TTIP), and the Regional Comprehensive Economic Partnership in Asia are likely to have profound implications for the global trading system. July 1 (Reuters) - African leaders opened a summit on Sunday in the Ghanaian capital Accra to discuss plans for a possible federal United States of Africa, an idea. African Continental Free Trade Area (AfCFTA) The Southern African Development Community (SADC) The Common Market for Eastern and Southern Africa (COMESA) The. It is the strategic framework for delivering on Africas goal for inclusive and sustainable development and is a concrete manifestation of the pan-African drive.
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